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a) Jodie earns $25,000 at the end of year 1, when the CPI was 460. If the CPI at the end of year 2 is 504, what would Jodie have to earn at the end of year 2 to maintain a constant real wage?
b) What would she have to earn in year 2 to obtain a 5% increase in her real wage? What percentage increase i…
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